Dollar reaches two-month low against yen

LONDON (MarketWatch) -- The U.S. dollar was trading at two-month lows vs. the Japanese yen on Thursday on diminished expectations for U.S. growth. See full story.

Air France-KLM talked to Alitalia on tie-up; reports profit rise

LONDON (MarketWatch) -- Air France-KLM, Europe's largest airline, said Thursday it had held "exploratory talks" with Italian carrier Alitalia, as it posted a 26% increase in quarterly profit on higher ticket prices and a surge in demand for travel to Asia. See full story.

Remy Cointreau rallies; plan to exit venture sparks M&A talk

LONDON (MarketWatch) -- Shares of Remy Cointreau rose as much as 9% on Thursday after the company said it would break out of a distribution joint venture, prompting speculation it may be for sale. See full story.

LONDON (MarketWatch) -- European shares closed lower on Thursday as oil and gas companies weighed down indexes already under pressure from transport stocks such as Air France-KLM. See full story.

Swisscom in talks to buy back 25% mobile stake

LONDON (MarketWatch) -- Swisscom AG said it's entering into talks to buy back a 25% stake in its mobile arm held by Vodafone Group, as the U.K.-based mobile giant sheds stakes around the world. See full story.

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